Six more business partners to use Chip Mong Bank’s Payday Service

Six more business partners to use Chip Mong Bank’s Payday Service

Chip Mong Commercial Bank has inked partnership agreements with six new business partners to process the payday service of the company.

At present, Chip Mong Bank has launched a variety of digital banking services since incorporation. For the payday service, the bank has more than 30 companies as partners, with nearly 10,000 accounts.

The six new payday business partners are long-term partners, said Hong Sok Leng, Senior Vice President of Business Banking of Chip Mong Commercial Bank. He said that Chip Mong Bank is into digital banking, focusing on the technology for all operations and transactions, such as payment, payroll, cash withdrawal, money transfer and others.

Mr Sok Leng added that Chip Mong Bank is a subsidiary of Chip Mong Group. He added that the Chip Mong Bank’s payday service is convenient for businesses, companies and employees. He added that Chip Mong Bank’s payday service offered various benefits for the company and employees. It satisfied employees with special privileges such as high interest rates and special home loan interest rate discounts.

“For customer centric system, they can experience online, flexible and real-time transactions through Chip Mong Bank Corporate internet banking. On top of this, it protects the payroll information from bank and third party. Plus, the customers can try the Chip Mong Bank’s payroll without any fee charge applied to both company and employee,” said Mr Sok Leng.

He said that for the payday account, it is fully protected from any unauthorized access, and there are no fee charged on the one-time setup, monthly maintenance, charge per employee, minimum and ongoing deposit, bill payment and employee account charge.

Credited: Khmer Times